The shares of Burlington Stores Inc. (NYSE:BURL) has been pegged with a rating of Outperform by Wedbush in its latest research note that was published on March 11, 2020. The Services company has also assigned a $246 price target. Wedbush wasn’t the only research firm that published a report of Burlington Stores Inc., with other equities research analysts also giving their opinion on the stock. Citigroup advised investors in its research note published on March 06, 2020, to Buy the BURL stock while also putting a $260 price target. The stock had earned Market Perform rating from Telsey Advisory Group Markets when it published its report on February 11, 2020. That day the Telsey Advisory Group set price target on the stock to $240. BMO Capital Markets was of a view that BURL is Outperform in its latest report on February 03, 2020. Gordon Haskett thinks that BURL is worth Accumulate rating. This was contained in the firm’s report on January 29, 2020 in which the stock’s price target was also moved to 250.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 16 advised investors to purchase the stock. The price of the stock the last time has raised by 57.25% from its 52-Week high price while it is -33.77% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.56.
The shares of the company dipped by -6.06% during the trading session on Monday, reaching a low of $162.01 while ending the day at $166.17. During the trading session, a total of 2.7 million shares were traded which represents a -185.44% decline from the average session volume which is 947220.0 shares. BURL had ended its last session trading at $176.89. Burlington Stores Inc. currently has a market cap of $10.93 billion, while its P/E ratio stands at 24.01, while its P/E earnings growth sits at 2.61, with a beta of 0.66. Burlington Stores Inc. debt-to-equity ratio currently stands at 1.90, while its quick ratio hovers at 0.40 BURL 52-week low price stands at $105.67 while its 52-week high price is $250.89.
The company in its last quarterly report recorded $3.25 earnings per share which is above the predicted by most analysts. The Burlington Stores Inc. generated 409.66 million in revenue during the last quarter. In the second quarter last year, the firm recorded $1.55 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 61.23%. Burlington Stores Inc. has the potential to record 5.47 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on April 08, 2020 where it informed investors and clients that Enbridge Inc. (NYSE:ENB) is now rated as Overweight. Even though the stock has been trading at $28.70/share, analysts expect it to down by 0.00% to reach $45.03/share. It started the day trading at $29.32 and traded between $28.32 and $28.70 throughout the trading session.
A look at its technical shows that ENB’s 50-day SMA is 34.29 while its 200-day SMA stands at 35.99. The stock has a high of $43.15 for the year while the low is $22.57. The stock, however, witnessed a rise in its short on 03/31/20. Compared to previous close which recorded 14.45 M shorted shares, the short percentage went lower by -16.63%, as 12.05M BURL shares were shorted. At the moment, only 0.60% of Enbridge Inc. shares were sold short. The company’s P/E ratio currently sits at 15.27, while the P/B ratio is 1.39. The company’s average trading volume currently stands at 6.01M shares, which means that the short-interest ratio is just 2.01 days. Over the past seven days, the company moved, with its shift of 2.68%. Looking further, the stock has dropped -28.14% over the past 90 days while it lost -19.52% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Capital Research & Management Co…. bought more ENB shares, increasing its portfolio by 9.55% during the last quarter. This move now sees The Capital Research & Management Co…. purchasing 11,134,156 shares in the last quarter, thus it now holds 127,704,228 shares of ENB, with a total valuation of $3,714,915,993. RBC Global Asset Management, Inc. meanwhile bought more ENB shares in the recently filed quarter, changing its stake to $3,246,382,329 worth of shares.
Similarly, The Vanguard Group, Inc. increased its Enbridge Inc. shares by 1.17% during the recently filed quarter. After buying 60,861,817 shares in the last quarter, the firm now controls 701,586 shares of Enbridge Inc. which are valued at $1,770,470,257. In the same vein, 1832 Asset Management LP increased its Enbridge Inc. shares by during the most recent reported quarter. The firm bought 2,031,631 shares during the quarter which increased its stakes to 44,952,210 shares and is now valued at $1,307,659,789. Following these latest developments,